InPlay Oil (AXL) Stock Price, News & Analysis

InPlay Oil Corp, formerly Anderson Energy Inc, is a Canada-based resource-based oil and gas development company. Its principal property is in central Alberta in the Willesden Green area. The Company is focused on horizontal drilling opportunities for cardium light oil. Its core area is Anderson, where Greater Willesden Green is centered approximately 150 kilometers northwest of Calgary, Alberta. This area includes the defined Willesden Green field, but also portions of the Buck Lake and West Pembina fields. The Anderson's oil production is light and sweet crude. The Company's portfolio also includes a horizontal oil development project, which is located in central Alberta in the Duvernay Carbonates. It has assembled over 12 sections of working interest land in this project area, which is prospective for light oil horizontal drilling at medium depth. Its production is approximately 2,290 barrels of oil equivalent per day (BOED) (over 45% oil, condensate and natural gas liquid (NGL)).